Sociedad Minera Corona (LIM:MINCORC1) Long-Term Capital Lease Obligation : S/.9.5 Mil (As of Dec. 2022)

View and export this data going back to 1999. Start your Free Trial

What is Sociedad Minera Corona Long-Term Capital Lease Obligation?

Sociedad Minera Corona's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was S/.9.5 Mil.

Sociedad Minera Corona's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (S/.2.4 Mil) to Mar. 2022 (S/.2.4 Mil) but then increased from Mar. 2022 (S/.2.4 Mil) to Dec. 2022 (S/.9.5 Mil).

Sociedad Minera Corona's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S/.2.4 Mil) to Dec. 2022 (S/.9.5 Mil) and increased from Dec. 2022 (S/.9.5 Mil) to Dec. 2023 (S/.21.9 Mil).

Sociedad Minera Corona Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sociedad Minera Corona's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sociedad Minera Corona Long-Term Capital Lease Obligation Chart

Sociedad Minera Corona Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.96

0.69

2.42

9.54

21.91

Sociedad Minera Corona Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.49	2.42	2.37	9.54	21.91

Sociedad Minera Corona (LIM:MINCORC1) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Sociedad Minera Corona Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Sociedad Minera Corona's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Sociedad Minera Corona (LIM:MINCORC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Corona SA (LIM:MINCORC1) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MINCORI1:Peru

Address

Av. Pedro de Osma Nro. 450, Barranco, Lima, PER

Website

http://www.mineracorona.com.pe

Sociedad Minera Corona SA explores and extracts minerals to produce copper concentrates, silver, lead, and zinc. The company has two production unit namely Yauricocha, located in the department of Lima province of Yauyos and Carolina, located in the department of Cajamarca province of Hualgayoc.

Sociedad Minera Corona (LIM:MINCORC1) Headlines

No Headlines